South Korea's Hyundai Oilbank Company Invests in Refineries

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Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Oilbank Company Limited is one of the large refining companies in South Korea and has plans to spend more than $515 million on 33 projects, including unit additions, revamps, maintenance, upgrades and environmental compliance.

In addition, the company is on schedule to perform a 30-day planned turnaround on the 160,000-barrel-per-day (BBL/d) Crude 1 unit at its 690,000-BBL/d Daesan Refinery in the second quarter of next year.

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